Why Trump’s Victory Is Fueling a Market Frenzy
Investors have been comforted by a clear election result and are anticipating tax cuts and deregulation from a second Trump administration.
Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
The president-elect has said he could impose punitive tariffs on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
The Trump presidency could hammer global growth – here’s what the UK could do
helloRuby/ShutterstockDonald Trump’s victory in the US presidential election has brought big questions about what it means for Nato, Ukraine, the Middle East and, of course, global trade. Faced with the threat of protectionism, and outside the EU, the UK will have to make some tough choices.
Trump was chaotic and ego-driven when he was last in the White House. And despite becoming a convicted felon since leaving office, there is little indication that he has mellowed.
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
Bank of England to hear the views of local people in Birmingham about the cost of living
The Bank of England is to hear from local people in Birmingham about the impact of the cost of living on their finances, as part of our Citizens’ Forum Programme which has been running across the UK since 2018
FEDS Paper: Unemployment Insurance and Macro-Financial (In)Stability
Yavuz Arslan, Ahmet Degerli, Bulent Guler, Gazi Kabas, and Burhan KuruscuWe identify and study two mechanisms that can overturn the stabilizing effects of unemployment insurance (UI) policies. First, households in economies with more generous UI reduce their precautionary savings and increase their mortgage debt. Second, the share of mortgages, especially those with higher loan-to-income ratios, increases on bank balance sheets.
Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
Countries spend huge sums on fossil fuel subsidies – why they’re so hard to eliminate
Fossil fuel subsidies keep gas prices low in many countries. AP Photo/Nam Y. HuhFossil fuels are the leading driver of climate change, yet they are still heavily subsidized by governments around the world.
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